Thursday, September 10, 2015

Billionaires With A Conscience?

Some of the world's billionaires are getting a social conscience, according to The New York Times. Johann Rupert a dealer in Cartier diamonds and Montblanc pens 'sounded more like a Marxist theoretician' when he said, that it wasn't good business for the richest of the rich to raid the world's spoils and, "It's unfair and not sustainable." Paul Tudor Jones II, a private equity investor, said that extreme income divides have traditionally been resolved by taxes, wars, or revolution. Then Jeff Greene, a real estate billionaire weighed in with 'the super rich should pay higher taxes to restore the inclusive economy I grew up in.' And Nick Hanauer, a tech billionaire from Seattle warned, "I have a message for my fellow filthy rich. For all of us who live in our gated bubble worlds: Wake up people, it won't last." Well it has lasted too long already, higher taxes will solve nothing and capitalism never claimed to be a fair system. Chrystia Freeland in her book, "Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else." said that the phenomenon of the socially conscious billionaire is significant. Apparently a few billionaires told her that they agreed that the current system isn't working. All well and good but will they support a system that guarantees necessary goods and services to all humans? Not bloody likely! John Ayers.

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